Tuesday, September 01, 2020

Mindtree trades higher on partnering with Mölnlycke

Mindtree is currently trading at Rs. 1176.10, up by 20.20 points or 1.75% from its previous closing of Rs. 1155.90 on the BSE.

The scrip opened at Rs. 1165.00 and has touched a high and low of Rs. 1181.85 and Rs. 1156.25 respectively. So far 9444 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1212.00 on 31-Aug-2020 and a 52 week low of Rs. 667.30 on 12-Sep-2019.



Last one week high and low of the scrip stood at Rs. 1212.00 and Rs. 1127.95 respectively. The current market cap of the company is Rs. 19202.63 crore.

The promoters holding in the company stood at 73.49%, while Institutions and Non-Institutions held 18.27% and 8.24% respectively.

Mindtree has partnered with Mölnlycke to provide SAP application development and maintenance along with cloud operations. The company will help migrate Mölnlycke’s on-premise SAP to Microsoft Azure and accelerate towards a platform -led DevSecOps operating model ensuring faster response to business changes and reliable IT support.

Mölnlycke is a market-leading supplier of wound care and surgical products and solutions. With this engagement, Mölnlycke will be able to deliver solutions in an agile, reliable, and secure manner which will support key business functions to bring new products to market faster and drive better user experiences.

Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.

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